Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
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December 19, 2022
VF Corp mulling JanSport sale: Bloomberg
VF Corp. is mulling a sale of its JanSport brand, according to a Bloomberg report citing unnamed sources. The deal would value the 55-year-old brand, best known for its backpacks, at about $500 million, per the report. A spokesperson for VF Corp. declined to comment. Retail Dive
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December 12, 2022
Fenix Outdoor To Divest Primus Brand
Fenix Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023. Until then, Primus, the manufacturer of camp stoves and lanterns, will be migrated from Fenix Outdoors’ IT environment. SGB
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December 9, 2022
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains. Fiscal 2022 sales fell...
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December 8, 2022
Former Hydro Flask CEO to Lead Puffin Drinkwear
Puffin Drinkwear, makers of personality-infused apparel for your drink to wear, announced that Scott Allan is being brought on as interim CEO starting immediately. Allan led Hydro Flask initially as President & CEO and following its acquisition by Helen of Troy, as SVP & Global GM. SES
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December 7, 2022
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg. Amer Sports, headquartered in Finland, is the parent of Salomon, Arc’teryx, Peak Performance, Atomic, Suunto,...
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December 6, 2022
Massachusetts creates Office of Outdoor Recreation
Massachusetts became the 18th state to establish an Office of Outdoor Recreation – drawing praise from Outdoor Recreation Roundtable (ORR) and bolstering the ability of the nation’s $862 billion outdoor recreation economy to grow even more. Boating Industry
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December 6, 2022
In an Industry First, Park City Mountain Lift Operators and Electricians Unionize
Park City Mountain lift mechanics and electricians have joined their ski patroller counterparts in unionizing, the first lift operators in the United States to do so. In a 35 to 6 vote conducted by the National Labor Relations Board, lift mechanics and electricians decided to collectively bargain with owners Vail...
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December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
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December 5, 2022
VF’s Shares Take Hit On CEO Exit, Guidance Cut
Shares of VF Corp. fell about 11 percent on Monday following the news of Steve Rendle’s retirement as CEO. His exit was a surprise but not a shock to Wall Street analysts, given VF’s underperformance, led by Vans, in recent years. More worrisome was VF’s third guidance reduction in the...
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November 30, 2022
Bear Grylls, Savage Ventures To Acquire, Expand Outdoors.com
TV star and writer Bear Grylls is partnering with Nashville-based digital-sector investors Savage Ventures to acquire, build out and relaunch the venerable website Outdoors.com, and turn it into an adventure-travel destination site. The partners said they plan to make Outdoors.com the home of adventure, with exclusive news, content, commerce, engaging community-based...
